AI companies sold or priced over $300 billion of stock in 2026

Tech giants, chip companies and AI cloud providers have sold or priced more than $300 billion of new stock and mandatory convertible securities so far in 2026, The Information reported on November 8. The report, by Alex Eichenstein, says about $100 billion more could be on tap, mostly through at-the-market programs.

According to Techmeme’s summary of the report, the more-than-$300 billion tally excludes Anthropic’s IPO. The two figures measure different things: the first is stock already sold or priced this year, while the roughly $100 billion is capacity that could potentially still be sold. They should not be added together as completed issuance.

At-the-market programs let a company sell new shares gradually into the market over time, rather than in a single marketed offering. The Information’s count also includes mandatory convertibles, securities that convert into shares on a set schedule. Both eventually add to the number of shares outstanding.

The report arrives after a week of volatile trading in AI-related stocks, which Techmeme’s summary says has put a spotlight on investors’ appetite for additional share offerings. Codema covered part of that swing in this week’s chip stock selloff.

The issuance comes as the data center buildout keeps pushing up Big Tech’s capital spending. Anthropic’s listing, detailed in its amended S-1, sits outside The Information’s $300 billion count.

Whether the market can keep absorbing new supply at this pace is the open question the report raises, not one it settles.